On Monday, serial entrepreneur, investor and author Brad Feld (left) closed on a home, and today he’s launching a competition that will put five entrepreneurs in the house with access to Google’s 1-gigabit internet and free rent.

The three-bedroom house, located in the Kansas City, Kan. neighborhood of Hanover Heights – the first with Google Fiber – will host entrepreneurs interested in taking advantage of the ultra-fast internet. Entrepreneurs will be selected for the “innovative potential of their startups and their companies’ ability to leverage Google Fiber,” according to a Ewing Marion Kauffman Foundation press release today.

Though Feld himself won’t be living in the house, he promises to “take a personal interest” in the selected startups, offering to provide feedback and advice.

Feld said in a written statement Tuesday that with this purchase he’s putting the thesis of his recent book, “Startup Communities,” into action by “directly supporting a startup community that sees endless opportunities ahead.” Feld’s book presents the “Boulder Thesis,” a four-point outline of the startup community that he helped establish in Boulder, Colo.

“The winners will have access to Google Fiber and a neighborhood and city brimming with startup activity,” Feld said. “They can take advantage of the many entrepreneurial programs and events offered by the Kauffman Foundation.”

Though we can’t report Barreth’s post eventually set in motion the series of events that led to Feld’s decision to purchase the house, we’ve reached out to Feld to learn more of the backstory and we’ll provide updates as we get them.